Statoil, Partners Make Discovery in North Sea

Statoil and partners have made a small oil discovery in the Aldous Major North prospect, in the Norwegian sector of the North Sea.

The operator drilled the well to appraise the size of the Aldous Major North propsect, which, combined with the Aldous Major South and Avaldsnes discoveries, the company believes may hold between 500 MM and 1.2 B of recoverable barrels of oil equivalent.

Samples taken from well 16/2-9S found a column of oil of up to 26 feet (eight meters) in formations dating from the Upper Jurassic period. Statoil said that due to the poor reservoir quality, the partnership will consider further exploratory drilling on Aldous Major North in order to clarify the structure’s potential.

Drilled by the Transocean Leader semisub, well 16/2-9S lies about 7 miles (12 kilometers) north of the Aldous Major South oil discovery. Aldous Major North and Aldous Major South are two separate structures in the PL 265 license.

Following completion of well 16/2-9S on the Aldous Major North prospect, Transocean Leader will return to Aldous Major South to drill appraisal well 16/2-10. Statoil operates the license with a 40% interest; Petoro with 30%; Det norske with 20%; and Lundin Petroleum with 10%.

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